Crimea’s chemical industry will benefit from cheap Russian gas

6:28 AM MDT | April 4, 2014 | —Natasha Alperowicz

Industrial enterprises in Crimea, until recently part of Ukraine, are expected to improve their competitive advantage through lower natural gas prices, following the transfer of the peninsula to Russia, according to Russian press reports. These enterprises do, however, need to address challenges associated with the deterioration of relations between Russia and Ukraine. Russian industrial consumers pay $130–150 per 1,000 cubic meters of natural gas. Ukraine, at the end of last year, was granted a temporary discount that cut the price it paid for natural gas...